Marxism/Socialism... Table of Contents

Copyright ©2018 by George Reisman. All rights reserved, except that this post may be reproduced and distributed electronically, with notification to the author at greisman1937@gmail.com.

Buy the book in Kindle format for 99₡ at https://amzn.to/2J7bZYC

TABLE OF CONTENTS

Introduction

PART I. THE GIST OF MARXISM/SOCIALISM AND ITS REFUTATION

I. 1. The Essential Nature of Socialism: The Need for Armed Robbery to Establish It

I. 2. The Social Democrats Should Stop Calling Themselves Socialists

I. 3. The Marxists/Socialists’ Rationalization for the Armed Robbery Needed to Establish Socialism: Alleged “Exploitation” and “Wage Slavery” under Capitalism

I. 4. The Essential Difference between Free Labor and Slave Labor that Marxism/Socialism Ignores

I. 5. Adam Smith as the Father of the Marxian Exploitation Theory

I. 6. Marx’s “Simple Circulation” and “Capitalistic Circulation”

I. 7. Profits, Not Wages, as the Original and Primary form of Labor Income

I. 8. Capitalists Responsible for Wages, Costs, and Reduction of Profits

I. 9. Profits an Income Earned by the Labor of Capitalists

I. 10. Passive Capitalists

I. 11. The Irrelevance of “Worker Need” and “Employer Greed” in the Determination of Wages

I. 12. Marxism/Socialism as an Underlying Cause of Unemployment and Why the Fall in Wage Rates Required to Eliminate It Need Not Reduce Real Wages

I. 13. How Capitalism Progressively Raises Real Wages

I. 14. How Capitalism Shortens the Working Day, Abolishes Child Labor, and Improves Working Conditions

I. 15. Implication of Harmful Effects of Government Interference with Hours and Conditions of Work

I. 16. Fallacy of the Marxists’/Socialists’ Belief that to Benefit from the Means of Production, People Need to Own Them

I. 17. How Capitalism Is Run for the Benefit of the Masses while Socialism Is Run for the Benefit of the Ruling Elite at the Cost of Starvation Wages

I. 18. Fallacy of the Marxists’/Socialists’ Belief that Capitalism Lacks Planning and Is an “Anarchy of Production”

I. 19. Enslavement under Socialism

I. 20. The Necessity of Terror under Socialism

I. 21. From Enslavement to Mass Murder under Socialism

PART II. MARX’S LABOR THEORY OF VALUE LUNACY

II. 1. What Marx Ignores to Get to His Labor Theory of Value and the Exploitation Theory

II. 2. The Implication that the Product of an Hour’s Labor by a Brain Surgeon Has the Same Value as that of an Hour’s Labor by a Gardener, and the Dishonesty of Marx’s Attempt to Defend this Absurd Claim

II. 3. Further Implications: Only Fresh Labor Adds Value and the Value of Labor Itself Is Determined by the Quantity of Labor Required to Produce It

II. 4. Marx’s Claim that Subsistence Wages Are Permanent under Capitalism

II. 5. Marx’s Unintended Concession Concerning the Economic Role of Capitalists and His Delusional Interpretation of It

II. 6. Marx’s Claim of Progressive Impoverishment: Capitalists’ Greed and a Falling Rate of Profit

II. 7. The Absurdity of Marx’s Proposition that only the Wage-Paying Part of Capital Yields Profit

II. 8. Marx’s Claim that the Capitalists’ Greed and a Falling Rate of Profit Result in an Increase in the Rate of Exploitation and in the Length of the Working Day

II. 9. Marx’s Claim Concerning the Capitalists’ Appropriation of the Labor of Women and Children Through the Use of Machinery

II. 10. An Additional Absurd Claim by Marx: Cheapening the Worker’s Diet

Part III. THE ACTUAL DETERMINANTS OF PROFIT AND THE RATE OF PROFIT

III. 1. The Prime Cause of Profit: Expenditure to Buy Commodities

III. 2. The Origin of Costs to be Deducted from Sales Revenues

III. 3. Productive Expenditure, Sales Revenues, and Costs

III. 4. Productive Expenditure, Costs, and Net Investment

III. 5. The Tendency toward Productive Expenditure and Income-Statement Costs Becoming Equal

III. 6. Net Consumption: The Excess of Sales Revenues over Productive Expenditure

III. 7. Net Investment and Its Disappearance

III. 8. Increases in the Quantity of Money and the Perpetuation of Net Investment

III. 9. The Rate of Increase in the Quantity of Money as a Determinant of the Rate of Profit

III. 10. Marxism’s/Socialism’s Conflict of Hatreds

SUMMARY AND CONCLUSION

ROYALTY-FREE LICENSES

ACKNOWLEDGEMENTS

Next Post: Introduction